A 180-Day Discounted Loan Is Taken Out Today from a Bank

Multiple Choice

A 180-day discounted loan is taken out today from a bank that charges a simple discount rate of d = 9%.The bank also uses ordinary interest in determining the value of t (time) .If the amount to be paid back in 180 days is $3000,how much money is actually received today?

A) $2865.00
B) $2866.85
C) $2870.81
D) $2872.5